NGX Has Very Big Ambitions on Sustainability—Popoola

By Aduragbemi Omiyale

The chief executive of the Nigerian Exchange (NGX) Limited, Mr Temi Popoola, has said the bourse has very big ambitions on sustainability, promising to partner with market stakeholders to attract capital around sustainability.

Mr Popoola said this during a physical closing gong ceremony for Guinness Nigeria a few days ago at the exchange.

“We have discussed with Guinness the work they are doing around sustainability, and the NGX has very big ambitions on sustainability.

“We want to make sure that we are one of the leading exchanges in attracting capital around sustainability. We believe it is the right thing to do,” the NGX chief said.

He commended the management of the brewery giant for the growth of Guinness Nigeria in the last few years, assuring them of the support of the bourse.

In his remarks, the chief executive of Guinness Nigeria, Mr John Musunga, said the firm was proud of being part of the exchange, adding that the company’s brand portfolio is down to its strategy of playing across the entire alcohol beverage sector.

Mr Musunga stated that the organisation would continue to innovate and continuously grow its margins so that its shareholders can have value for the business it invested in.

“We do not intend to change or deviate from our strategy. Our results have been stellar, and the business is still growing well, up by 9 per cent.

“We will continuously grow our margins so that our shareholders can have value for the business they invested in. Our outlook is bright, especially as the government is taking very bold moves in areas required for business.

“They will be very painful, but we know that it will be in the short term and have the conviction that this will favour the business environment and businesses will thrive and deliver shareholders’ return and value,” he said.

For his part, the Doyen of the Nigerian capital market, Mr Rasheed Yusuf, said that the stockbroking community would continue to support the company and urged the company to continue sustaining its leadership of the market and raise more capital from the market.